Coinbase CEO Bullish on Clarity Act Market Structure

Top figures in the crypto sector are increasingly optimistic about the Digital Asset Market Clarity Act, as Brian Armstrong said he has never felt more confident that a market structure will be passed.

Armstrong Points to Growing Backing for Clarity Act

Following a meeting in Washington, D.C., Coinbase CEO Brian Armstrong posted a video on X outlining his perspective on the Clarity Act. He said the bill now has a strong chance to advance and highlighted bipartisan support, noting that senators he met with were ready to act on the measure.

In his post, Armstrong explained that passing the Clarity Act would allow the crypto industry to grow in the United States, protect consumers, and promote innovation.

Clarity Act Discussions at Roundtable

Armstrong was not the only executive at the meetings. Journalist Eleanor Terrett reported that representatives from Ripple, Cardano, Andreessen Horowitz (a16z), Kraken, Multicoin Capital, Paradigm, and Circle were also present. The meeting lasted about ninety minutes and focused on refining the draft language of the bill.

Kraken co-chief executive Arjun Sethi confirmed his attendance at the meeting and said he spent time explaining the importance of market structure. He highlighted how clear rules benefit innovators building new tools, promote a competitive environment, and strengthen the wider financial ecosystem.

Sethi also pointed out that the Clarity Act is only a starting point. He argued that “the real fight is bigger: protecting the right to build protocols, chains, memes, tokenized equities, commodities, utilities, etc. and ensuring incentives stay with the builders, not just incumbents.”

The Digital Asset Market Clarity Act aims to resolve confusion over which U.S. agencies regulate different digital assets. Currently, it is unclear which assets fall under the SEC and which under the CFTC. The bill would clarify these boundaries, with special attention to assets beyond stablecoins, such as tokenised stocks.

BITCOIN Act Also on the Agenda

In a separate development, U.S. lawmakers met on Monday with eighteen Bitcoin leaders, including MicroStrategy chairman Michael Saylor, to discuss advancing the Trump administration’s Strategic Bitcoin Reserve.

At the roundtable, one discussion focused on implementing the BITCOIN Act, sponsored by Senator Cynthia Lummis, and on how the government could acquire one million Bitcoin over the next five years using budget-neutral approaches.

Meanwhile, Senator Cynthia Lummis, a long-time advocate for cryptocurrency legislation, has indicated that she expects the Clarity Act could be signed by President Donald Trump before the year ends.